Topchoice Medical (SHSE:600763) Days Payable : 40.25 (As of Mar. 2024)

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What is Topchoice Medical Days Payable?

Topchoice Medical's average Accounts Payable for the three months ended in Mar. 2024 was ¥173 Mil. Topchoice Medical's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥392 Mil. Hence, Topchoice Medical's Days Payable for the three months ended in Mar. 2024 was 40.25.

The historical rank and industry rank for Topchoice Medical's Days Payable or its related term are showing as below:

SHSE:600763' s Days Payable Range Over the Past 10 Years
Min: 28.78 Med: 35.39 Max: 45.78
Current: 28.78

During the past 13 years, Topchoice Medical's highest Days Payable was 45.78. The lowest was 28.78. And the median was 35.39.

SHSE:600763's Days Payable is ranked worse than
77.5% of 591 companies
in the Healthcare Providers & Services industry
Industry Median: 61.58 vs SHSE:600763: 28.78

Topchoice Medical's Days Payable increased from Mar. 2023 (32.88) to Mar. 2024 (40.25). It may suggest that Topchoice Medical delayed paying its suppliers.

Topchoice Medical Days Payable Historical Data

The historical data trend for Topchoice Medical's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Topchoice Medical Days Payable Chart

Topchoice Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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35.16

45.07

41.53

35.62

33.77

Topchoice Medical Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															32.88	26.22	22.63	26.64	40.25

Competitive Comparison of Topchoice Medical's Days Payable

For the Medical Care Facilities subindustry, Topchoice Medical's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Topchoice Medical's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Topchoice Medical's Days Payable distribution charts can be found below:

* The bar in red indicates where Topchoice Medical's Days Payable falls into.

Topchoice Medical Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Topchoice Medical's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (140.52	+	183.276)	/	2 )	/	1749.755	*	365
=	161.898					/	1749.755	*	365
=	33.77

Topchoice Medical's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (183.276	+	162.768)	/	2 )	/	392.259	*	365 / 4
=	173.022					/	392.259	*	365 / 4
=	40.25

Topchoice Medical Days Payable Related Terms

Thank you for viewing the detailed overview of Topchoice Medical's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Topchoice Medical (SHSE:600763) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Topchoice Medical Corp (SHSE:600763) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lingxi North Road, Building 5, Hesheng Guomao, No. 21, Zhejiang Province, Hangzhou, CHN, 310013

Website

http://www.tcmedical.com.cn

Topchoice Medical Investment Co Inc is engaged in providing medical services. The company operates as an integrated medical platform and has a number of oral medical, health and reproductive medical institutions.

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